Wednesday, October 15, 2008

Gap Down 123 Pullback - JAH

15 Minute Chart

(Double Click Picture for a Larger View)

Stock: JAH 15 minute chart
Entry Bar: 11
Entry Green Line: 15.66
Stop Red Line: 15.79
Result: .43 to 1.19 -- about a 7r plus gain
Setup Grade
: B
Notes: a little extended on the down side but today was an avalanche which put the odds in your favor.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

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2 comments:

Anonymous said...

Howdy,

What broker do you use for your trades?

I am looking to switch from mine since they usually lack shares to short. Btw, nice pullback entry today seemed like the day for those.

Unknown said...

street smart pro schwab - they too like most lack shares to short, sometimes you need to get lucky - sometimes its minimal shares.

Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE